Tech Giant Nvidia Profits were seen Sliding Down after a Slump in the Cryptocurrencies
Tech Giant Nvidia Profits were seen Sliding Down after a Slump in the Cryptocurrencies

Tech Giant Nvidia Profits were seen Sliding Down after a Slump in the Cryptocurrencies

Nvidia's share price has decreased by 45%. Analysts anticipate an 18% year-over-year decline in third-quarter sales.
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Nvidia's share price has decreased by 45%. Analysts anticipate an 18% year-over-year decline in third-quarter sales.

Strong growth in data center chip sales of tech giant Nvidia, which are anticipated to have quadrupled in the next two years amidst the growing uptake of e-commerce and cloud-based applications, has been the only saving grace

The chief executive of Nvidia said on the same conference call that the demand for bitcoin mining has supported the company's product prices.

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